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Summary: The Rise Of College Tuition

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The rise of college tuition contributes to the ever so rising income inequality. The high cost of pursuing a higher education is very frightening. In the graph in Trends in Higher Education, the average cost to attend a public four year college is around $23,410 per year and average cost to attend a private four year college is about $46,272 per year (College Board). It is a staggering high cost that most Americans cannot afford. Although the U.S department of Education offers financial aid to students, the aid it provides is not an adequate source. Most students receive some type of loan to pay for college. CNNMoney reports, “Thanks to climbing tuition and inadequate college savings, 40 million Americans now have at least one outstanding student
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In “A Quick Way to Cut College Costs” Steve Cohen provides a rationale for the price of college education. He says that the price is appalling and abnormal and that in the last 30 years it rose five times faster than other prices. He argues that the surest way to reduce the price of college education is for Congress to take action to significantly decrease the E.F.C and that will force colleges to provide more accurate financial aid. The author claims that the E.F.C, which is estimated by the Department of education, is not thorough because it doesn’t take into account many factors.

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Mike Patton’s article The Cost of College: Yesterday, Today, and Tomorrow argues that the overall expenses involved in college education have been heavily inflating over the past few years and if we don’t help slow the accelerating pace, the economy could crash or collapse. I disagree with most of the points brought up in this article. Patton mentions that for the majority of the middle class who doesn’t bother to earn a scholarship or military benefits, “a student loan may be the only option” (Patton, 2015). However, I believe that with true dedication and perseverance towards one’s dream career, getting a scholarship is easier than one would think. Even if the student were to fail receiving a scholarship, other options are possible, such

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744 Words | 3 Pages

Samantha Nyborg LEAP Writing 2011-05 September 15, 2014 Critique Draft Megan McArlde is a journalist and blogger who focuses most of her writing on things like finance, government policy, and economics. In her article “The College Bubble,” a magazine article published in Newsweek on September 17, 2012, McArlde writes about how the “Mythomania about college has turned getting a degree into an American neurosis” (1). She focuses a lot on the value of getting a college education, and makes an argument that all the time and money spent on earning a degree may not be worth it in the end. McArlde uses several strategies to appeal to her reader’s, and does a great job of effectively using the Logos, Pathos, and Ethos appeals throughout her article.

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246 Words | 1 Pages

In the short story A Lifetime of Student Debt? Not likely. Written by Robin Wilson, he goes into detail of the crises of college debt in the United States. The first point being made is on how students over barrow student loans. Some of the students come from low income families, and they are the first generation to ever attend college.

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Also, in the past 65% of baby boomers with student loans still carrying debt for their own education. Only a few students can afford to attend a university without getting help to pay for college through loans from the government, family, or banks or even two or more. It is also reported that a moderate college budget for an in-state public college for the 2017–2018 academic years averaged $25,290. A moderate budget at a private college averaged $50,900 the average student loan debt is $37,172 per student. Even if a student doesn't complete the credits need to obtain their chosen degree students are still required to pay for the loan in full.

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110 Words | 1 Pages

Journalist Sophie Quinton discusses how college expenses are constantly rising, though many states are now reducing instate tuition in her recent article, “States Move to Curb Rising College Tuition. Quinton informs readers that colleges are not only cutting college tuition, but freezing it. As a result student loans are soaring nationally, and schools are forced to become more efficient. Student loans are then causing debt, that later affects a students’ life in numerous ways. College students today, tend to lean towards nicer looking colleges, rather than a higher education.

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1145 Words | 5 Pages

Many people dream of a life filled with riches, but that dream is hard to obtain without a college degree. It is somewhat ironic how people dream of being a successful student and going to college but the cost of tuition turns that dream into a horrible nightmare. It is not a shock to most people when they that college tuition is expensive, but in the past few years it has increased to an all-time high. Lower and middle class students have now begun to realize that college tuition is holding them away from their dreams. Even though college tuition could provide opportunities for job creation and economic growth, tuition is not affordable for the average American household which in effect, prohibits students from taking opportunities like going to college in the first place.

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1100 Words | 5 Pages

He said, “multiply that by four years, then by two or three children.” (85) Now that is an eye opener, for one student to take on a four-year college degree they would owe around $84,000 and that is a copious amount of money. When students have to pay for their own tuition some are juggling school work on top of a job so they can pay off student loans while going to school. Free college tuition

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890 Words | 4 Pages

From the time we start our careers as students in school, we are told that in order to gains success in life we must attend college. That after high school, college is no doubt the next step we should be taking. Yet, for most students that are not wealthy this goal is almost unattainable. If the majority of students can’t afford tuition, then why is the tuition rate so high? Its certainly not an accident.

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771 Words | 4 Pages

College is one of the most important and life changing times in the life of an American. Leaving high school behind and venturing out to the adult world is an amazing experience that every individual should experience. However, young adults from every corner of the country leave college with crippling debt or do not go to their preferred college of choice. College education should be cheaper as it will help families and students financially and give them the satisfaction with having the opportunity to go to their first choice for college.

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805 Words | 4 Pages

College tuition The cost of going to college is getting ridiculous. If a student were to apply to an out of state public college in 1997 they would be paying on average $8,840; now at the same out of state public school they would be paying around $26,010. Are we expecting people who have little money to stop their education even if they want to keep going or be in a huge amount of debt? If colleges were tuition free or had minimized costs the economy would be better or could improve and so would the lives of millions of people.

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901 Words | 4 Pages

In the last fifty years the world has gone under many changes but one that is really shocking is the escalating prices of colleges. Since 1985, the price tag in American colleges and universities has

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594 Words | 3 Pages

At the start of 2000, the cost was about $9,135 and increased to $10,694 by 2008. (4) Many schools have slowly begun to struggle with paying for a higher education. The cost of higher education has increased more than medical costs have. Medical costs have only increased by 286% while the cost of education has had a 538% increase. (https://www.bestvalueschools.com/understanding-the-rising-costs-of-higher-education/) Think about how many people go to a hospital every day and how many go to school everyday.

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326 Words | 2 Pages

Thesis: While the cost of college is increasing rapidly and higher each year, leaving with many graduates post incurred debt, it is still deemed necessary for one to pursue and obtain a degree in today’s workforce. I. First Main Point: The constant rise of college tuition A. The increase of college tuition has made it hard for many people to attend, due to the fact is that many who choose to attend has limited or no financial resource.

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1154 Words | 5 Pages

College is not cheap, a hefty fee is often payed by those who want to attend, often out of their own wallets. It is no secret that funding a college education is getting harder and harder. Thus begs the question, is the charge of Universities becoming too high? Yes, college costs have skyrocketed over the past decade (citation). Being capable of going off to a university to acquire an education is slipping for countless people due to the rising costs.

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